SIE practice questionmediumOrder Types - Good-til-Canceled
A customer wants an order to remain active until either it is filled or they decide to cancel it. Which order instruction should they use?
- AGood-til-canceled order✓ Correct answer
- BDay order
- CMarket order
- DStop order
Explanation
Why A — Good-til-canceled order
A good-til-canceled (GTC) order remains active until the customer cancels it or it is executed. Day orders expire at the end of the trading session. Market and stop orders execute based on price, not time.
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